Coolio performs at Riot Fest in Douglass Park on September 18, 2022 in Chicago, Illinois. (Photo by Barry Brecheisen/WireImage)
Posthumous Coolio Album
When the late rapper Coolio died suddenly in 2022, he had a new album in the works. Now that project, titled Long Live Coolio, is set to be released posthumously later this year with guest appearances from Ras Kass, Treach from Naughty By Nature and J-Dee from Da Lench Mob. The 11-track album is being pitched as a celebration of the legendary rapper's career, which took off in the 1990s with classic hits such as “Gangsta’s Paradise” and “Fantastic Voyage."
Southbox Raises $80 Million
The Atlanta-based media company Southbox Entertainment has raised a total of $80 million to greenlight new movie and TV projects, according to Deadline. The fundraising could have big implications for the industry, as the company is promising to spend a good portion on independent films with budgets of $5 million to $35 million. It's also likely that many of the projects will be developed in Georgia, where tax credits have helped spur a boom in production.
Sarah Silverman Sues OpenAI
Comedian Sarah Silverman is joining a class-action lawsuit against OpenAI and Meta alleging that both companies' large language models were trained using illegally-acquired data sets containing her work. Specifically, the suit claims that the companies tapped so-called “shadow library” websites such as Bibliotik, Library Genesis, Z-Library, which featured Silverman's copyright-protected work. Authors Christopher Golden and Richard Kadrey are also joining the lawsuit.
'Blacklist' Finale
The NBC show The Blacklist is ending its 10-year run with a two-hour-long finale. Star James Spader, who plays Raymond “Red” Reddington, told AP News the cast was grateful for the chance to take their time saying goodbye. He also noted that the show, which was mostly shot in New York City, went overseas to Spain for the finale.
The Chinese government brought the sitcom "Friends" back to its streaming services. However, it had instances of LGBTQ+ references left out, after the series had been banned on Chinese streaming platforms for years.
Season 13 "Shark Tank" contestant Tania Speaks secured a $400,000 deal for her Speaks Organic Skincare brand with "Shark" Mark Cuban while also being named one of the best pitches in the history of the show — all at 19 years old. Now 20, Speaks joined Cheddar News to talk about the skincare line, the clean beauty industry, and the moment that host Cuban was moved by her pitch. "I couldn't believe that he got emotional. I'm surprised I held back my tears that long," the young entrepreneur revealed. "It's just amazing for someone else to be inspired by your story, especially Mark Cuban himself."
The media giant formerly known as ViacomCBS has officially rebranded itself as Paramount Global with a focus on its streaming service, Paramount Plus. Naveen Chopra, chief financial officer at Paramount, joined Cheddar to discuss the company’s name change and streaming wars. "There are components of content licensing that we continue to do, either historical arrangements or opportunities to license content that don't really impinge on what we're trying to do with our owned and operated services and that continues to be an important ingredient in our broader financial model," he said. "But our number one priority is putting our best assets on Paramount Plus." Chopra also discussed theatrical release windows before feature films hit its service and the platform's subscription goals.
In efforts to help support black-owned brands. Ulta Beauty says it will make a commitment to not only give these brand shelf space but also help them navigate the ins and outs of growing a business. Last week, the beauty retailer announced in order to reach those goals, the company will spend $50 million on diversity and inclusion programs, including an accelerated program to mentor entrepreneurs of color. CEO of Ulta Beauty, Dave Kimbell, joined Cheddar to discuss more.
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
